What A SocGen Strategist Learned While Trying To Get A German Drivers License

SocGen currency strategist Sebastien Galy reveals that Germany is still Germany, which means it's still a beacon of efficiency and action.

He explains his revelation in a note to clients:

Sitting this week in Regensburg Germany, one can only confirm the obvious. Even the local government official still slightly drousy from Oktoberfest makes things happen. It takes 2h30 hours to register, get a driving license and prepare building a house. It took me a total of 3 days in New Jersey for a simple driving licence, including over 5 trips and this already having an old US driving licence. I am confused was Kafka not German? This is part of a broader theme, one french source mentioned the contrast between the now highly successful french post office vs the Parisian metro system. Public administration like any other companies work for the public or otherwise.